On The Hill

04.16.12

Congress Preps for Tax Battle

Pablo Martinez Monsivais / AP Photo

Congress is back from recess and ready to start fighting. The Senate is expected to vote on the “Buffett Rule”—the proposal that people who make more than $1 million a year will be required to pay 30 percent in federal taxes. The bill is expected to fail under Republican filibuster. Over in the House, Republicans are preparing to vote on a bill that raises deductions for businesses with fewer than 500 employees. It, too, is expected to fail.